Spindletop Oil & Gas Balance Sheet Health
Financial Health criteria checks 6/6
Spindletop Oil & Gas has a total shareholder equity of $17.2M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $28.1M and $11.0M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$6.87m |
Equity | US$17.19m |
Total liabilities | US$10.96m |
Total assets | US$28.15m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPND's short term assets ($9.3M) exceed its short term liabilities ($6.5M).
Long Term Liabilities: SPND's short term assets ($9.3M) exceed its long term liabilities ($4.4M).
Debt to Equity History and Analysis
Debt Level: SPND is debt free.
Reducing Debt: SPND had no debt 5 years ago.
Debt Coverage: SPND has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SPND has no debt, therefore coverage of interest payments is not a concern.